2013-02 Greenhall Capital Partners, LP invests in Providence Global, Inc.
Washington, DC – Growth capital firm Greenhall Capital Partners, LP today announced its investment in Providence Global, Inc., a real estate development company that identifies small, dated residential properties across Northern Virginia that have depreciated then renovates or entirely redevelops them for sale. Capital for this investment will come from Greenhall Capital Partners Fund I, a $3 million fund that makes special situation and equity investments. Further terms of the investment were not disclosed.
Otis Ofori, Principal of Greenhall Capital Partners, said: “Providence is a strong business focused on achieving attractive returns on the projects it is involved in. The management team has delivered sustained growth on prior developments and will continue to do the same in the future. We look forward to partnering with them to further develop their footprint in the growing Washington, D.C. metropolitan area. It’s our position that the combination of Greenhall’s growing influence and the strength of Providence’s existing capabilities will deliver significant growth for our investors in the future.”
* * * * * About Greenhall Capital Partners, LP Greenhall Capital Partners is a private investment fund focused on special situation credit investing and taking equity positions through managed buyouts, growth capital investments and leveraged recapitalizations in lower middle market companies. We invest in opportunities and companies for sale with revenues from $1 million to $15 million, EBITDA from $1 million to $5 million and operating margins in excess of 15%. Greenhall specifically targets companies in Professional Services, Consumer, Industrial, Education, Healthcare and Information Technology. The firm is headquartered in Washington, DC and maintains an office in New York.